Israel-Hamas war: Border Force teams set up in Egypt to help citizens – if they can leave Gaza

Published

1 year ago

October 27, 2023

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Border Force teams are “prepared and ready” to evacuate British citizens trapped in Gaza.

Prime Minister Rishi Sunak said on Thursday border officials are pre-positioned in Egypt so that if the Rafah border crossing opens, “we’re ready to get them in and bring them back”.

Gillian Keegan, the Education Secretary, told Sky News on Friday morning this still needs to be negotiated but the border force teams were there “in preparation”.

She said: “We’ve been in intense discussions with partners in the region, but we want the Border Force to be there to be prepared and ready if and when we can get the hostages out.

“So it’s preparation so that we can be there, so we’ve got everything available if we can get them out.

“But right now we still need to agree that and it still needs to be facilitated.”

‘Calling for a pause’

Asked if she was optimistic the Rafah Crossing could open, she said: “We’re still in the same position, we’re calling for a pause to allow for humanitarian aid in and we’re calling for the safe passage for British national passport holders to get out.”

Mr Sunak said he was pushing for a pause in the fighting between Israel and Hamas to allow aid to reach Palestinians and also create a “safer environment” for UK citizens to leave the bombarded 25-mile strip.

“It is not something we can do immediately but when the moment arises, we’ll be ready to take it quickly,” he said during an event in central London about artificial intelligence.

The Rafah crossing between Egypt and Gaza is the only border point in the territory not controlled by Israel.

Israel has only in recent days agreed to allow aid into Gaza through the crossing, having besieged the Hamas-ruled area to prevent essentials such as water, food and fuel from reaching more than two million Palestinians.

The border crossing into north-east Egypt is likely to be the main exit route for those trapped in Gaza but it is currently closed other than for the aid deliveries – with Cairo reportedly blaming Israeli bombings around the area for it not being open for foreign nationals to pass through.

Backing ceasefire could ‘cross a line’

The government is calling for “humanitarian pauses” in the fighting but has stopped short of backing a ceasefire.

Asked about the difference, Ms Keegan said this morning that “we don’t want to cross that line” of telling Israel it has “anything but the right to defend itself”.

Labour has backed this position despite dozens of its MPs calling for a ceasefire.

Shadow environment secretary Steve Reed has said he understands and empathises with Labour colleagues who disagree with the party’s stance.

However he told Sky News that if the attack Israel suffered had happened in the UK, “our state would have sought to defend ourselves to protect our citizens by dismantling the capability of a terrorist organisation that carried it out, that applies to Israel too, they have the right under international law to do that.”

Israel is conducting air strikes and raids on Gaza in its fightback against Hamas’s assault on October 7 that saw at least 1,400 people, mainly civilians, killed on Israeli soil and hundreds of people taken hostage.

Fewer than five Britons are believed to be among the hostages as officials fear that some of those missing have been killed.

However many more, including the parents-in-law of Scottish First Minister Humza Yousaf, are trapped in the territory.

Welfare benefits ‘without delay’

As well as stationing border force officials in Egypt, the government has also announced that British citizens fleeing the conflict will be exempt from residency tests and able to get easier access to benefits and other services after arriving in the UK.

Those fleeing the war in the wider region of Lebanon and the West Bank will also be able to claim universal credit, as well as disability and child benefits, “without delay”, and access social housing and housing assistance if needed.

The government said it would also ensure that money paid under the victims of overseas terrorism compensation scheme would not be counted when working out entitlement to income-related benefits.

Work and Pensions Secretary Mel Stride said: “We’ve been working quickly to ensure British nationals arriving from Israel, the Occupied Palestinian Territories and Lebanon can receive the support and security they need during a time of unspeakable turmoil.

“As the UK continues to step up its response to the fast-moving circumstances in the region, the regulations which come into force today will speed up access to benefits, ensuring those eligible can access the help they need.”

The government said that where arrivals do not have immediate accommodation available, local authorities may provide emergency overnight accommodation before supporting people into more secure accommodation.

Those who meet the exemption will be supported more quickly but it will not impact who local housing authorities should prioritise for social housing, the government said.

Politics

Italy finance minister warns US stablecoins pose bigger threat than tariffs

Published

8 hours ago

April 16, 2025

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Italy finance minister warns US stablecoins pose bigger threat than tariffs

Italy’s minister of economy and finance warned that US stablecoin policies are more concerning than President Donald Trump’s tariffs, citing the potential for these crypto assets to undermine the euro’s dominance in cross-border payments.

Speaking at an event in Milan, Giancarlo Giorgetti said that while trade tariffs dominate headlines, new US policies on dollar-backed stablecoins present an “even more dangerous” threat to European financial stability, according to a Reuters report.

US stablecoins allow users to invest in a widely accepted method for cross-border payments without opening a US bank account, Giorgetti said. He warned that the growing appeal of US stablecoins to Europeans should not be underestimated.

Giorgetti urged European Union lawmakers to take more steps to boost the euro’s position as an international currency. He added that the digital euro under development by the European Central Bank (ECB) will be essential to minimize the need for Europeans to resort to foreign solutions.

US lawmakers advance stablecoin bills

Presently, stablecoin regulation in the US remains fragmented. Instead of a unified framework, multiple agencies apply existing laws to regulate stablecoins. However, lawmakers are working to implement changes, with several pieces of stablecoin legislation progressing.

On April 2, the US House Financial Services Committee passed the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act. The bill is now headed to the House floor for a full vote.

The bill was introduced on Feb. 6 by Committee Chair French Hill and the Digital Assets Subcommittee Chair Bryan Steil. It would ensure that stablecoin issuers provide information on their businesses, including how their tokens are backed.

In addition, the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act establishes rules that require issuers to maintain reserves backed one-to-one, comply with Anti-Money Laundering (AML) laws, protect consumers and boost dollar dominance in the global economy.

The GENIUS Act still requires approval by both chambers of Congress and a presidential signature before becoming law.

ECB exec renews digital euro push

Apart from Giorgetti, ECB Executive Board member Piero Cipollone also urged European lawmakers to intensify their efforts to combat dollar-backed stablecoin dominance in Europe. On April 8, Cipollone wrote an article expressing concerns about the growing popularity of US stablecoins.

The official suggested launching a central bank digital currency to combat this threat to the euro. He said this would aid in preserving the monetary sovereignty of the eurozone.

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Politics

OKX reenters US market following $505M DOJ settlement

Published

8 hours ago

April 16, 2025

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OKX reenters US market following 5M DOJ settlement

Seychelles-based cryptocurrency exchange OKX announced that it is reentering the US market.

According to an April 16 blog post, OKX will return to the United States market along with the appointment of former Barclays director Roshan Robert as its US CEO. Robert said in the post:

“Today, I’m thrilled to announce the launch of OKX’s centralized crypto exchange and OKX Wallet in the United States, alongside the establishment of our regional headquarters in San Jose, California.“

All existing Okcoin users will be migrated to the new platform, which Robert said will lead to a better overall experience. The promised improvements include deeper liquidity, lower fees and advanced trading tools.

OKX reenters US market following $505M DOJ settlement — *Source:* *OKX*

Step by step

OKX will not roll out the upgrade in one shot. Instead, the new platform will take a phased approach to onboard new customers. The exchange plans to follow the cautious approach with a nationwide launch later in 2025.

“We’re beginning with a phased rollout for new customers to ensure a smooth and secure onboarding process, with a broader nationwide launch planned later this year,“ Robert said.

OKX also promised integrations with local banks and support for major assets, including Bitcoin (BTC), Ether (ETH), USDt (USDT) and USDC (USDC). Robert noted that the company maintains a global proof of reserves for all its assets, which is published monthly by cybersecurity firm Hacken.

Hacken had not responded to Cointelegraph’s request for comment by publication time.

In addition to its trading platform, the firm is also rolling out OKX Wallet to its US-based customers. The wallet supports 130 blockchains and features a decentralized exchange (DEX) aggregator, allowing access to over 10 million tokens on platforms including Ethereum, Solana and Base.

OKX gets out of US troubles

The report follows OKX hiring former New York Governor Andrew Cuomo to advise it over a federal probe that resulted in the firm pleading guilty to several violations and agreeing to pay $505 million in fines and penalties.

The exchange admitted on Feb. 24 to operating an unlicensed money-transmitting business in violation of US Anti-Money Laundering laws. As a consequence, OKX agreed to pay $84 million worth of penalties while forfeiting $421 million worth of fees earned from primarily institutional clients.

After the investigation concluded, OKX said it would seek out a compliance consultant to remedy the problems revealed by the federal probe and improve its compliance efforts. OKX’s CEO Star Xu wrote in a Feb. 24 X post:

“Our vision is to make OKX the gold standard of global compliance at scale across different markets and their respective regulatory bodies.”

OKX had not responded to Cointelegraph’s request for comment by publication time

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Politics

Government claims car interventions will save £500 a year – but only if you hit a pothole

Published

10 hours ago

April 16, 2025

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Government claims car interventions will save £500 a year - but only if you hit a pothole

Hitting potholes is “all too common”, a minister has insisted amid scrutiny of the government’s claim that new road measures will save drivers £500 a year.

Lillian Greenwood told Sky News Breakfast with Anna Jones that people face “eyewatering” costs if a pothole causes more damage to their car than a puncture, with the average repair job setting them back by £460, according to the RAC.

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This, along with the continued freeze on fuel duty, will save drivers over £500 a year, the government has said, claiming its interventions are easing the cost-of-living crisis for drivers.

It was put to Ms Greenwood that the savings only apply if you hit a pothole in the first place.

Asked if she thinks it’s a common occurrence, she said: “Unfortunately, it’s all too common. And because we’ve had more than 10 years of the Conservatives under investing in our road network, that’s left it absolutely cratered with potholes.”

She said potholes are “probably the biggest issue” when she doorsteps constituents, adding: “They’re really angry about the state of their local roads.

“Far too many people are hitting a pothole and finding they’re having to fork out to get their car fixed.”

Earlier this year, an annual industry report estimated that 17% of the local road network in England and Wales are in poor condition.

It predicted that the one-time catch-up cost to clear the backlog of maintenance issues would cost £16.81bn and take 12 years to complete.

Chancellor Rachel Reeves’s autumn budget contained a £1.6bn investment to maintain roads and fix potholes, which it said was an increase of £500m on the 2024-25 budget.

Local authorities will get the first tranche of that money this month.

It comes ahead of the local elections in May, when support for drivers could become a dividing line.

It was put to Ms Greenwood that while trumpeting its motorist-friendly credentials, Labour has also introduced a £1.7bn car tax raid and backed more 20mph low tariff neighbourhoods.

She said the government has left decisions on Low Traffic Neighbourhoods to local authorities and many people “want to see drivers going slower”.

The government’s announcement on savings today came alongside a pledge to remove 1,000 miles of roadworks over the Easter weekend in a bid to cut journey times.